Real Estate Math
An Ohio broker earns 6% of the first $100,000 and 4% of the balance on a $350,000 sale. What is the total commission?
A$15,000
B$16,000✓ Correct
C$17,000
D$18,000
Explanation
Commission = ($100,000 × 6%) + ($250,000 × 4%) = $6,000 + $10,000 = $16,000. To solve this, multiply the relevant values: $100,000 and $350,000 at 6%.. The correct answer is $16,000.. This is a common calculation on the Ohio real estate exam.
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